New research has revealed the seaside towns where you can enjoy the greatest rental yields as a buy-to-let landlord.
Data from a report by LendInvest has discovered that Hull, the UK City of Culture for 2017, returns the largest yields for investors in England and Wales.
Seaside rental yields
If you invest in property within the Hull postcode area, you can expect rental yields of as much as 10.7%.
The next best coastal region in terms of rental returns was found to be Blackpool, where, if you invest the centre, you could enjoy yields of 8.2%.
Llandudno in North Wales came in third, with Colwyn Bay in the region offering generous yields of 6.1%.
The top-ten seaside regions in terms of rental yields were found to be:
|Postcode area||Top earning seaside town/village||Average rental yield|
Christian Faes, Co-Founder and CEO of LendInvest, noted, ‘When you think about investing in property in a seaside town, many will immediately think of places like Brighton and Eastbourne. But as our research makes clear, investing in the right Northern seaside towns, for example, could prove a lot more lucrative.’
‘Seaside towns often enjoy strong demand from renters, whether that’s for year-long tenancies or for a couple of weeks over the holiday months.’
If you are looking to purchase a buy-to-let property on the coast, you must not let the sea air go to your head! Make sure that you thoroughly research the area before you make any decisions, in order to gauge demand and a better demographic.
What’s more, make sure that you take out a sufficient landlord insurance policy, or those ice-creams on the beach won’t taste so good.